Following the completion Thursday of the acquistion of Canada Life Financial Corp. by Great-West Lifeco Inc., Canada Life Financial and Canada Life Assurance Co. announced several appointments to the boards of directors of the two companies.

Robert Gratton, president and CEO of Power Financial Corp., was appointed chairman of Canada Life Financial and Canada Life.

Raymond McFeetors, president and CEO of Great-West Life Co. Inc., was appointed president and CEO of both companies.

David Nield, the former chairman and CEO of Canada Life Financial Corp. and The Canada Life Assurance Co., continues on as a director of Canada Life Financial and Canada Life.

Additionally, Nield will join the boards of Great-West Lifeco Inc., The Great-West Life Assurance Co., London Life Insurance Co., and Great-West Life & Annuity Insurance Company.

The other directors for Canada Life Financial are: G.S. Asper, J.W. Burns, Orest Dackow, A. Desmarais, P. Desmarais, P. Desmarais, Jr., D. Johnson, K.P. Kavanagh, J.B. MacAulay, W.T. McCallum, Don Mazankowski, R.L. Moffat, J.E.A. Nickerson, R.J. Orr, G.F. Osbaldeston, M. Plessis-Bélair, G. St-Germain, and G. Veilleux.

The other directors of Canada Life Assurance Co. are: J.W. Burns, A. Desmarais, P. Desmarais, P. Desmarais, Jr., D. Johnson, K.P. Kavanagh, W.T. McCallum, Don Mazankowski, J.E.A. Nickerson, G.F. Osbaldeston, M. Plessis-Bélair, and G. St-Germain.

http://www.newswire.ca/releases/July2003/10/c1193.html